Hi Everyone!
First time poster.
Back in July
my wife and I purchased with a SFH that contained a garage conversion. When we purchased the property we inherited the tenants that were leasing out the garage conversion. They were on a year lease and paying above the market rent for the space. Their lease just ended and they notified me they will vacate.
My wife and I cannot make the mortgage payment with out the rental income. What are some options for MTR rentals for this space. I cannot use Airbnb since it turns out the conversion is unpermitted and my city requires STR registration. (I was communicated that their was a kitchenette permit pulled for the garage by my real estate agent during the purchase process. )
Any suggestion for temporary solutions for this would be greatly appreciated.
